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I like that scenario alot! Of course, an off-take would be even better but beggars can't be choosers eh?
And that would leave us with our 100% interest in the lake property less 2% nsr, eh?
Casey research, truely amazing people there!
Speaking of Anthony there Teedie, i wanted to thank you for that Miscreants link you provided some time back.
Been reading that info, following that book trying to get done with chapter 10 because chapter 11 came out on the 31st (been busy).
Amazing stuff. Just shows what an informed invester we have here in you! Thanks again!
Aliens?
Before that happens shares will become so scarce it'll make your head spin!
Your right weby, volume precedes price!
Yo Pdog, nice find!
The issue is where that 100K is spent. If it's a bid sitter then as soon as that support is gone down we go just like today. 100K taken off the freaking ASK every day would see wonders in our pps.
Until those willing buyers show up we will continue to be whip sawed. End of story. Not an attack at you Dan, i've actually enjoyed everything you've posted lately!
Wow! Me thinks you need to get your crystal ball fixed.
In that perfect storm your talking about, we need to see 10% of the float or 57 million shares in a day... we'll see a buck pretty quick with that kind of volume!
Luckysdad - post 100793
Just think of how similar to TCK this company will look like in 10+ years time when Kevil has a PRODUCING Nb property and a GOLD property to finance further aquisitions!
This is the dmbao i like!
And the Accum/Dist is the highest it's been in the last year!
Soon to be the best name in the bidness, me thinks our leaders are GENIUS!
Come on JP. Nio Star Niobium? Can't get any more self explanatory than that, eh?
Something is definatly occuring behind the scenes here. If you look at the trades just this week i've noticed more large blocks than i can remember. Over 30 100,000 or larger with one as high as 700,000.
Just saying maybe this is the MM scramble before actual buying takes it up? retail selling? not sure. And there goes 4 more with 3 200,000+? Any other guesses?
Additional drilling will be part of the feasability study. IMHO
And even after ALL THAT were only down 1 10th of a penny, lol.
Sorry Jimbo there were no 2 Million shares that brought this down in the first hour of trading. A quick analysis of trades in the first 5 minutes exposes the MM manipulation that permeates this issue.
There were approx. 300k bought off the ask at 0.0270 at 09:30:02 followed by another 26150 "tweener" at 0.0260 at 09:33:12 and another 10000 below the bid at 0.0255 at 09:33:19.
The next two trades were 300,000 at the bid at 0.0258 and another 130,000 below the bid at 0.0252. Most of the rest of todays trading occurred after the ask was beaten down to around 0.0250 and even lower on that initial UNDER 700,000 shares of which nearly half were slapped off the ask......
I ask you, where's the manipulation eh?
Rare Earth
And THAT Nina is the beauty of the property at lake Nemegosenda. The oxides will be a by - product of the highly profitable Nb mine!
Sexy ain't it?
Well written teedlum. There are wery few who really "get it". You do. Thanks for sharing.
Wow teedie, thats some good stuff. Thanks for the heads up on that one!
Overstock.com eh? Interesting. I guarantee most if not ALL CEO's will be welcoming this news as thier companies have suffered long under the weight of these parasites. We'll see.
I think that maybe our "whale" will be as simple as a spin - out. Win, lose or draw i know that 99% of the longs here will wait this thing out until the direction is perfectly clear.
Just thinking about the possibilities when the perfect storm of accounting of shares meets the buying deluge that will accompany the FACT that the only way to own the new co's is to buy the old one! Ha! What a burn. And then the momo players, omg this thing could really fly. Just thinkin. IMHO
A bit more.............
I think the bottom line of this new FINRA 6460 mandate for MMs to reveal the total size of their limit orders that constitute the high bid or lowest offer is to empower the “whales” playing the long side over the “whales” playing the short side. By the “whales” playing the short side I’m referring to usually corrupt MMs and a host of corrupt naked short selling hedge funds directing them order flow in exchange for access to their “bona fide MM exemption” from making pre-borrows before short sales.
Over the last 50 years these criminals have destroyed perhaps thousands of development stage U.S. corporations by simply refusing to deliver the securities they sold. Their problem right now is that they have amassed enormous naked short positions in several companies that accidentally got misdiagnosed as a “scam” run by crooks while the corporation ended up “having the goods” after all. Before 6460 this was no big deal because they could just simply naked short sell fake shares into any buy orders that appeared no matter how large they were.
When reporting trades on Wall Street investors have no clue as to whether or not any given trade was a buy or sell. They don’t know if the Mm was acting as a broker/agent or principal/dealer. Thus the activities of huge buyers of shares could be dismissed as being probably half sales by frustrated shareholders even if no shareholders were selling. With the new transparency “whales” operating from the “long” side can now flex some of their critical mass by posting large buy orders. Of course there has to be money behind the buy order as that bid could be hit at any time. If back during the “bad old days” a given MM ran up a 200 million share naked short position in S****** suddenly saw a massive buy order being posted what might he do in the case of a S****** type company?
Do you hit the bid and add to your naked short position and double down on your hope that S****** doesn’t “have the goods”? Will your Chief Compliance Officer whose neck is in the noose if you guess wrong even allow it? Without 6460 this dilemma never arose because a purchase order for 10 million shares was always labeled as 5,000 shares. With 6460 the long “whales” can FORCE the naked short “whales” into making some tough decisions. The first goal of the crooks would be to hide that large buy order from the public so that little “fish” taking comfort in this “backstop” don’t start taking out the offers. The three options would be to naked short sell into that order, play “leap frog” and jump the bid by a notch in order to cover up the order or head for the exits and start covering before other naked short sellers in similar positions start covering. Before 6460 there was no sense of urgency to take action as the public never got to see the size of that order.
For all intents and purposes S****** has always had a huge black cloud following it around. They’ve missed making good on a dozen or so “high alert” warnings when they were allegedly super close to executing a JV. The mining industry pays little attention unless they have been on site or studied the findings in detail but why bother with that black cloud being there. The people sitting on the massive naked short positions still aren’t sure if S****** “has the goods” or not. What 6460 is going to do is to allow opportunistic long “whales” to seek out development stage corporations with massive naked short positions that were accidentally misdiagnosed as “scams”. The potential energy contained within those massive naked short positions might then be released resulting eventually in the purchasers of all of those nonexistent shares finally getting delivery of that which they paid for so that their trades can finally “settle”.
It’s critical to acknowledge the difference from a “manipulation” point of view in long opportunistic “whales” taking large long positions at ultra-cheap prices in heavily naked short sold stocks with “the goods” by spending real money and abusive naked short sellers selling nonexistent shares into buy orders with the intent to manipulate share prices downwards and with no intent to ever deliver that which they sold. When the illegal naked short positions are covered and purchased shares are delivered then an unmanipulated “supply” variable can interact with an unmanipulated “demand” variable to “discover” an unmanipulated share price via the price discovery process.
Don’t forget to follow Mark Mitchell’s new release on deepcapture.com illustrating the nature of the mega-mega-mega-whales that have been destroying U.S. corporations via abusive naked short selling “bear raids”.
New rules take effect on Monday (comliments of my broker buddy Joey). Did anyone else notice the large ASK size showing on Friday. I saw 400,000 at one point and wondered "say what"?
Of the 3 new rules kicking in on Monday 5/9/11 FINRA 6460 is the one to concentrate on. My legal buddies are referring to it as the “new leap frog rule”. MMs now have to show the full size of any orders that are the high bid or low offer. Before they could hide a large buy order by only showing 5,000 shares of it which was and is the minimum for penny stocks. The key concept here is “forced transparency”. From now on if a “whale” shows a bid for 10 million shares of S****** and it is higher than the previous bid then the MM must either reflect it or jump it by a notch to hide it. The “whale” would then need to jump it to get it to be the high bid. Hence the term leap frog.
If an abusive MM with an enormous preexisting naked short position puts in a large offer to scare buyers aware then he has to place it below the former offer and he’s going to have to honor that sale if the “whale” chooses to take him out. The “whales” are going to get pretty ticked off if the MM representing his order fraudulently makes him pay higher because of his antics needing to be performed to hide the large order. This might violate the “best execution rule” (NASD 2320) wherein a broker has a formal “duty” to find the best market to aim an order towards.
“Whales” want to buy size but a crooked MM sitting on a monstrous naked short position with the fear that S******just might “have the goods” does not want to sell size. He just wants to fraudulently induce selling and dissuade buying. A variety of the “3Ms” (“market maker manipulations”) are going to be rendered moot. As you can well imagine, a crime as obvious as selling nonexistent shares all day long while pretending to be “injecting liquidity” needs to be done in an environment with no transparency. “Leap frogging” is going to look very, very obvious on a time and sales sheet! There is no better disinfectant than the light of day.
6460. Display of Customer Limit Orders
This version of the rule (or interpretive material) does not become effective until May 9 2011.
(a) Each OTC Market Maker displaying a priced quotation in any OTC Equity Security in an inter-dealer quotation system shall publish immediately a bid or offer that reflects:
(1) The price and the full size of each customer limit order held by the OTC Market Maker that is at a price that would improve the bid or offer of such OTC Market Maker in such security; and
(2) The full size of each customer limit order held by the OTC Market Maker that:
(A) Is priced equal to the bid or offer of such OTC Market Maker for such security;
(B) Is priced equal to the best bid or best offer of the inter-dealer quotation system in which the OTC Market Maker is quoting; and
(C) Represents more than a de minimis change in relation to the size associated with the OTC Market Maker's bid or offer.
(b) The requirements in paragraph (a) of this Rule shall not apply to any customer limit order:
(1) That is executed upon receipt of the order.
(2) That is placed by a customer who expressly requests, either at the time that the order is placed or prior thereto pursuant to an individually negotiated agreement with respect to such customer's orders, that the order not be displayed.
(3) That is an odd-lot order.
(4) That is a block size order, unless a customer placing such order requests that the order be displayed.
(5) That is delivered immediately upon receipt to a national securities exchange or an electronic communications network that widely disseminates such order and that complies with paragraph (c) below with respect to that order.
(6) That is delivered immediately upon receipt to another OTC Market Maker that complies with the requirements of this Rule with respect to that order.
(7) That is an all-or-none order.
(8) That is priced less than $0.0001 per share.
(c) The electronic communications network:
(1) Provides to a national securities exchange, national securities association or inter-dealer quotation system the prices and sizes of the orders at the highest buy price and the lowest sell price for such security entered in, and widely disseminated by, the electronic communications network; and
(2) Provides, to any broker or dealer, the ability to effect a transaction with a priced order widely disseminated by the electronic communications network entered therein by an OTC market maker that is:
(A) Equivalent to the ability of any broker or dealer to effect a transaction with an OTC market maker pursuant to the rules of the applicable national securities exchange, national securities association or inter-dealer quotation system to which the electronic communications network supplies such bids and offers; and
(B) At the price of the highest priced buy order or lowest priced sell order, or better, for the lesser of the cumulative size of such priced orders entered therein by OTC market makers at such price, or the size of the execution sought by the broker or dealer, for such security.
(d) Definitions
For purposes of this Rule, the following definitions shall apply:
(1) Best bid and best offer mean the highest priced bid and the lowest priced offer.
(2) Block size with respect to an order means it is of at least 10,000 shares and has a market value of at least $100,000.
(3) Customer limit order means an order to buy or sell an OTC Equity Security at a specified price that is not for the account of either a broker or dealer; provided, however, that the term customer limit order shall include an order transmitted by a broker or dealer on behalf of a customer.
As i type gold is down nearly 18 and silver is getting smashed down nearly 4 bucks... they were due a pullback and any short term weakness should be bought IMHO.
Gawd i hope so......
500 MILLION! Holy smokes, that would be awesome!
You got it downside, i hold my shares so tight i squeek when i walk!
Those sure are numbers that aren't easy to ignore!
Ahh jfburk, what may be missing here is where we may be before the ex date actually arrives? I'm thinking multiples of where we sit right now....
So a bit of a pull back after the shares are issued would be expected. IMHO
I don't know "son", but somebody needs to he'p ya get your mind right! LOL
It really is a win win... and for 0.026 cents a share! UnbeREEvable!
SRSR still owns NIO. Come on Tommy it's not that hard to understand is it?
You think Scott is going to screw himself and his shareholders in a transfer of assets?
If these were spin offs then we would have some worrying to do but not with spin outs that the company still owns. JMHO
First of all, you are jumping the gun assuming that NIO will be a spin out. That fact has not been PR'd yet.
Second of all, this spin out of shining tree is just that, a spin out. The company, SRSR, still holds that entity as an asset even though it will trade seperatly.
To suggest that the intrinsic value of the parent company will be 0 is a bit short sighted don't you think?